A Developing Country’s Case: The Brazilian Financial System

Delauro Baumgratz Baumgratz

Chapter 5 in International Banking, 1988, pp 45-53 from Palgrave Macmillan

Abstract: Abstract Up to 1945 the Brazilian Treasury was responsible for the issue of paper money and the management of foreign-exchange reserves, whereas the Banco do Brasil simultaneously performed the functions typical of a central bank and a commercial bank. This situation could be justified by the small size of the Brazilian economy.

Keywords: Central Bank; Financial System; Commercial Bank; Monetary Authority; Foreign Network (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09706-7_5

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DOI: 10.1007/978-1-349-09706-7_5

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